PT Cerestar Indonesia Tbk (ISX:TRGU) Days Payable: 63.25 (As of Mar. 2026) — 62% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ISX:TRGU PT Cerestar Indonesia Tbk ISX:TRGU
45 GF Score
Price Rp165.00
GF Value Rp172.89
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is PT Cerestar Indonesia Tbk Days Payable?

PT Cerestar Indonesia Tbk ISX:TRGU +1.23% 45 Days Payable is 63.25 as of Mar. 2026, which is 62% above its 10-year median of 38.99. GuruFocus rates ISX:TRGU with a GF Score™ of 45/100 and a GF Value™ of Rp172.89 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,891 Consumer Packaged Goods companies, PT Cerestar Indonesia Tbk ranks better than 71.34% on this metric.

PT Cerestar Indonesia Tbk's average Accounts Payable for the three months ended in Mar. 2026 was Rp559,073 Mil. PT Cerestar Indonesia Tbk's Cost of Goods Sold for the three months ended in Mar. 2026 was Rp806,572 Mil. Hence, PT Cerestar Indonesia Tbk's Days Payable for the three months ended in Mar. 2026 was 63.25.

The historical rank and industry rank for PT Cerestar Indonesia Tbk's Days Payable or its related term are showing as below:

ISX:TRGU' s Days Payable Range Over the Past 10 Years
Min: 17.17   Med: 38.99   Max: 68.96
Current: 68.96

During the past 6 years, PT Cerestar Indonesia Tbk's highest Days Payable was 68.96. The lowest was 17.17. And the median was 38.99.

ISX:TRGU's Days Payable is ranked better than
71.34% of 1891 companies
in the Consumer Packaged Goods industry
Industry Median: 44.15 vs ISX:TRGU: 68.96

PT Cerestar Indonesia Tbk's Days Payable declined from Mar. 2025 (69.43) to Mar. 2026 (63.25). It may suggest that PT Cerestar Indonesia Tbk accelerated paying its suppliers.


PT Cerestar Indonesia Tbk Days Payable Historical Data

* Premium members only.

The historical data trend for PT Cerestar Indonesia Tbk's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

PT Cerestar Indonesia Tbk Days Payable Chart

PT Cerestar Indonesia Tbk Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial 17.17 59.32 38.99 36.63 52.70

PT Cerestar Indonesia Tbk Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 69.43 63.98 77.31 72.53 63.25

ISX:TRGU vs KHC, GIS: Days Payable Comparison

For the Packaged Foods subindustry, PT Cerestar Indonesia Tbk's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


PT Cerestar Indonesia Tbk Days Payable vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Cerestar Indonesia Tbk's Days Payable distribution charts can be found below:

* The bar in red indicates where PT Cerestar Indonesia Tbk's Days Payable falls into.


ISX:TRGU
45GF Score
PT Cerestar Indonesia Tbk ISX:TRGU
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Cerestar Indonesia Tbk Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

PT Cerestar Indonesia Tbk's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (611546.856 + 423184.174) / 2 ) / 3583276.783*365
=517365.515 / 3583276.783*365
=52.70

PT Cerestar Indonesia Tbk's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (423184.174 + 694962.437) / 2 ) / 806572.379*365 / 4
=559073.3055 / 806572.379*365 / 4
=63.25

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 63.25 mean?
PT Cerestar Indonesia Tbk (ISX:TRGU) has a Days Payable of 63.25 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on PT Cerestar Indonesia Tbk and its competitors. This is 62% above median its historical median of 38.99. Over the past decade, PT Cerestar Indonesia Tbk's Days Payable has ranged from 17.17 to 68.96. According to the industry distribution chart, PT Cerestar Indonesia Tbk ranks #542 out of 1891 companies in the Consumer Packaged Goods industry, placing it in the top 28.7%.
Is PT Cerestar Indonesia Tbk's Days Payable too high?
PT Cerestar Indonesia Tbk's current Days Payable of 63.25 is 62% above median its 10-year median of 38.99. Over the past 10 years, this metric has ranged from a low of 17.17 to a high of 68.96. The Consumer Packaged Goods industry median Days Payable is 44.15. PT Cerestar Indonesia Tbk's value of 63.25 is 43.3% above this industry median. Based on the distribution chart, PT Cerestar Indonesia Tbk ranks #542 out of 1891 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, PT Cerestar Indonesia Tbk has a GF Score™ of 45/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Cerestar Indonesia Tbk's Days Payable compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, PT Cerestar Indonesia Tbk ranks #542 out of 1891 companies for Days Payable. This puts PT Cerestar Indonesia Tbk in the upper half of its industry. The industry median Days Payable is 44.15. PT Cerestar Indonesia Tbk's value of 63.25 is 43.3% above this benchmark. Historically, PT Cerestar Indonesia Tbk's own Days Payable has ranged from 17.17 to 68.96 over the past decade. While the company's 10-year median is 38.99 vs. the industry median of 44.15, PT Cerestar Indonesia Tbk has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Consumer Packaged Goods company?
The median Days Payable among Consumer Packaged Goods companies is 44.15, based on 1,891 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Cerestar Indonesia Tbk's current Days Payable of 63.25 is 43.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on PT Cerestar Indonesia Tbk and its competitors. For the Consumer Packaged Goods industry, the median Days Payable is 44.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Cerestar Indonesia Tbk's current Days Payable is 63.25, which is 62% above median its own 10-year median of 38.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Cerestar Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Cerestar Indonesia Tbk (ISX:TRGU) is currently considered Fairly Valued. The stock's GF Value™ is Rp172.89, compared to a current price of Rp165.00 — trading 4.6% below its estimated fair value. The current Days Payable is 63.25, which is 62% above median its 10-year median of 38.99 and 43.3% above the Consumer Packaged Goods industry median of 44.15. PT Cerestar Indonesia Tbk's overall GF Score™ is 45/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For PT Cerestar Indonesia Tbk (ISX:TRGU), the current Days Payable is 63.25 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is PT Cerestar Indonesia Tbk (ISX:TRGU) Overvalued in 2026?

Based on GuruFocus' analysis, PT Cerestar Indonesia Tbk stock appears to be undervalued. The current stock price of Rp165.00 is trading 4.6% below its estimated GF Value™ of Rp172.89. GuruFocus considers PT Cerestar Indonesia Tbk to be Fairly Valued.

Key valuation signals for ISX:TRGU:

  • Days Payable: 63.25 (62% above median its 10-year median of 38.99)
  • GF Value™: Rp172.89 vs. price of Rp165.00 (4.6% below fair value)
  • GF Score™: 45/100 with 6 warning signs
  • Industry Position: 43.3% above the Consumer Packaged Goods median (#542 of 1891)

No single metric tells the full story. See the ISX:TRGU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Cerestar Indonesia Tbk Business Description

Address Jalan M.H. Thamrin Nomor 81, The City Tower 28th Floor, Jakarta Pusat, IDN, 10310
PT Cerestar Indonesia Tbk is engaged in the flour industry and cereal/grain trading through subsidiaries and management consulting services. The Group reports segments based on operating divisions by main product produced in the form of wheat flour and animal feed, as well as flour and grain processing, and others.
45GF Score

Get the complete analysis for ISX:TRGU

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp165.00
Price
Rp172.89
GF Value